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Business Loan in Faridabad
Faridabad is a growing industrial hub near Delhi and is a place where lots of people start their own businesses. Shriram Finance is here to help businesses in Faridabad with tailor-made loan solutions. Getting access to funds is quite important if you're looking to expand, upgrade, or keep your business running smoothly. Our business loans come with affordable interest rates (starting from 10%* p.a.), and the amounts you can borrow are designed to suit what you need, whether it's to grow your business, manage your day-to-day costs, buy new equipment, or sort out your bills. Our loans come with minimal documentation and flexible repayment options. We offer all types of loan solutions, including secured and unsecured business loans. Shriram Finance understands the Faridabad business environment, so we provide repayment periods of up to 84 months and attractive interest rates that start at 10%* p.a.. We've streamlined the application process to ensure businesses can get access to capital quickly. Shriram Finance is a trusted partner for business loans in Faridabad, with business loans starting from Rs.1 lakh*.
Business Loan Types in Faridabad
Shriram Finance offers a wide array of secured and unsecured business loans to help businesses with their various financial needs. These include:
Features and Benefits of Business Loans in Faridabad
If you're in need of financial assistance to expand your business in Faridabad, Shriram Finance is a top choice. Our business loans offer many perks, including:
Online EMI Calculator
Loans starting from Rs. 1 lakh*
Secured & Unsecured Loans
Quick Loan & Approvals
Flexible Loan Tenure
Hassle-free Online Process
Business Loan Interest Rates and Charges in Faridabad
Interest rates for Shriram Finance business loans in Faridabad start from 10%* p.a.. For detailed information on interest rates and any applicable fees or charges, please consult our website or contact one of our branch representatives in Faridabad.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 10%* p.a. |
| Processing Fees | Up to 5%* |
| Late Payment Fees | 36%* p.a on the Overdue Amount |
| Foreclosure Charges | Up to 4%* |
How to Use the Business Loan EMI Calculator
STEP 01
Required loan amount
STEP 02
Interest rate
Min 10%
Max 30%
STEP 03
Min 12 months
Max 84 months
Loan Summary
Loan
Loan Amount
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Faridabad
Eligibility and Documentation Criteria for Business Loans in Faridabad
Eligible Applicants:- Sole Proprietorships
- Partnership firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
Eligibility Requirements:- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
Required Documents:- Applicant's PAN card
- Six-month bank statement
- Business PAN card
- Recent photograph
- Proof of business registration
Step-by-Step Application Process for Business Loans in Faridabad
Obtaining a Shriram Business Loan in Faridabad involves five straightforward steps:
Step 1
Register using your mobile numberStep 2
Enter loan detailsStep 3
Enter business detailsStep 4
Receive a verification call from usStep 5
Get your loan disbursed
Unsecured Business Loans in Faridabad
Shriram Finance provides a great solution for young and growing businesses in Faridabad with our unsecured business loan that requires no collateral. An unsecured business loan means you don't need to pledge any of your assets to get the financing you need. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment terms and competitive interest rates. Applying for an unsecured business loan with Shriram Finance is a simple and straightforward online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. These loans are offered to business owners based on meeting eligibility criteria. It's worth noting that the availability of unsecured loans may vary depending on where your business is located.
Our Business Loan Branches in Faridabad
Shriram Finance has some branches across Faridabad, making it easy for customers to apply for and manage their loans. Prime locations include:
Locate Us
Business Loan Customer Care in Faridabad
For any questions or assistance regarding a business loan in Faridabad, Shriram Finance has dedicated customer care services. You can get in touch via phone or go into any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loan Status in Faridabad
To check on your business loan application in Faridabad, simply visit our website and enter your application reference number. You can also contact our customer care team for real-time updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Faridabad?
Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs are eligible to apply for a business loan. The applicant should be between 21 years to 65 years old (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience are also eligible.
What is the interest rate on a business loan in Faridabad?
The interest rate for Shriram Business Loan starts from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to their interest rate and charges section above.
How much loan can I get for my business in Faridabad?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your business's needs and eligibility
Can I apply for a business loan in Faridabad?
Yes, you can apply for a business loan in Faridabad. Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Faridabad?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Faridabad?
The loan approval time is approximately 2- 3 business days. This is dependent on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.
What is the eligibility for a startup business loan in Faridabad?
For a startup business loan in Faridabad from Shriram Finance, the eligibility criteria are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Faridabad?
The minimum interest rate starts from 10%* p.a.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.